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Analysis: Just What Did Mick Mulvaney Say in His ABA Speech?

Stephen Leifer - Friday, April 27, 2018
NMP- April 26, 2018 Phil Hall (https://nationalmortgageprofessional.com/users/phil-hall) On Tuesday, Mick Mulvaney, the acting director of the Consumer Financial Protection Bureau (CFPB), gave a speech before the membership of the American Bankers Association (ABA) that has been widely reported as reaffirming the venality and corruption of Washington. In reality, Mulvaney offered a tough but honest assessment of his agency’s congressionally ..

As lenders targeted veterans with risky mortgages, VA failed to act

Stephen Leifer - Friday, February 02, 2018
The Department of Veterans Affairs has known for more than a year that military service members were being sold a flood of costly and risky mortgages and done little to stop it. The result: Borrowers have been saddled with thousands of dollars in fees, and interest rates have risen for millions of rank-and-file homeowners. Lenders, hunting for business in a slow market, have swarmed into VA mortgages, sometimes selling military homeowners new loans every few months. Some are pushing shor ..

Paying off Your Mortgage in 15 Years vs 30

Stephen Leifer - Friday, January 19, 2018
Paying off your mortgage early and living mortgage-free so you can use the money for other things—such as travel and an early retirement—can sound like a pipe-dream that’s impossible to get to, but it doesn’t have to be. If you have a 30-year mortgage, there are a few ways to cut that time in half, or at least come close to it: Add a monthly payment each year This easy step will cut about three years off a 30-year mortgage by spreading out one extra mon ..